Economics

VW Says U.S. Car Tariffs Would Cost It $2.8 Billion

February 21, 2019 at 11:35 AM

Volkswagen Group profits would fall by as much as €2.5 billion ($2.8 billion) if the U.S. hikes its import tariffs on cars to 25%, says CEO Herbert Diess.

Trump Reaffirms Threat of Tariffs on Cars from EU

February 20, 2019 at 3:19 PM

President Donald Trump reiterated to reporters earlier today that he will impose tariffs on cars from the European Union if talks fail to produce a more balanced trade deal.

Trump Gets Report on Would-Be Import Auto Threat

February 18, 2019 at 2:05 AM

President Donald Trump has received a Dept. of Commerce analysis about the relative threat to U.S. security of imported cars and trucks.

China, U.S. to Continue Trade Talks Next Week

February 15, 2019 at 3:52 PM

U.S. and Chinese trade negotiators ended intensive talks in China today far apart on key issues. But both remain cautiously optimistic about more progress next week.

Germany Narrowly Avoids Recession

February 14, 2019 at 10:22 AM

The German economy, which shrank by 0.2% in the third quarter of 2018, posted zero growth in October-December, according to government data.

Trump May Let China Trade Deal Deadline Slip

February 14, 2019 at 12:51 AM

President Donald Trump says he might extend the March 1 deadline for a trade deal between the U.S. and China if the two sides appear to be close to a “real deal.”

Ford Warns that a Hard Brexit Would Be “Catastrophic”

February 14, 2019 at 12:24 AM

Ford Motor Co. warns it will take whatever action is needed to defend its operations in Europe if the U.K. leaves the European Union in March with no replacement trade deals in place.

U.K.’s Economic Growth Slows to 6-Year Low

February 11, 2019 at 12:12 PM

The British economy expanded by 1.4% last year, its slowest pace since an identical rate in 2012, according to the Office for National Statistics.

Study: British Brexit Could Cost Germany 100,000 Jobs

February 11, 2019 at 11:43 AM

As many as 100,000 jobs in Germany—many of them in the automotive sector—would be threatened if the U.K. leaves the European Union without a replacement trade deal.

U.S. Auto Tariffs Assessment Due This Week

February 11, 2019 at 12:00 AM

A report widely expected to conclude that imported cars and parts are a threat to U.S. national security is due no later than Feb. 17 from the Dept. of Commerce.

“Sizable Distance” Remains Over U.S.-China Trade Accord

February 07, 2019 at 6:02 PM

China and the U.S. are still far apart on an agreement to end their tariff war and have no high-level meetings planned to finalize a deal before a possible escalation three weeks from now.

Russia’s Economy Expands 2.3%

February 04, 2019 at 4:48 PM

Russia’s gross domestic product expanded by 2.3% in 2018, up from 1.6% the year before, according to government data bureau Rossat.